Based on current Impact Forecasting estimates, natural catastrophe events caused economic losses of
around USD320 billion globally in 2017. Insured losses, covered in both the private market and by
government-sponsored programs, are estimated at USD128 billion...

The main focus of rating agency criteria updates in 2016 and 2017 has been A.M. Best’s stochastic- based BCAR models and Best’s Credit Rating Methodology (BCRM). In March 2016, A.M. Best released draft criteria for the stochastic-based US P&C BCAR model and BCRM...